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Here is today’s Breaking News from Letting Agent Today. Join the debate by leaving a comment below a story - you will need to be logged-in to do this.

Breaking News

Thousands of buy to let investors may be due stamp duty rebates - claim

Landlords have been urged to seek advice about potential stamp duty rebates on ‘uninhabitable’ second properties after a landmark tribunal case. A recent case - involving P...

Shelter’s selective use of statistics attacked by lettings group

A call by Shelter for England to adopt Scotland’s model of indefinite tenancies in the private rented sector has been attacked by a lettings trade group. David...

PropTech lettings management platform reveals new API partner

The online platform teclet, which enables agents to automate the lettings and management process, has announced that Movinghub has become an integrated API partner. Movinghub joins other...

Average rent for new lets is almost £1,000 pcm - Countrywide

The average cost of a new let in Great Britain has risen to £977 per calendar month.  That’s a 2.6 per cent year-on-year increase driven mostly by...

Sub-letting tenants caught on camera and to be on TV tonight

More nightmare tenants have been the subject of investigation in a Channel 5 TV programme to be shown this evening. In the first case to be featured...

Agents offering let-only services ‘miss out on thousands in revenue’

A research report claims letting agents could be missing out on thousands of pounds of potential income each year by not providing full property management to...

Countrywide claims big surge in over-50s who now privately rent

New figures out this morning show that the over-50s are becoming a larger part of the rental market.  So far this year this demographic has accounted for...

Agency advises landlords on three key risks to successful letting

High profile agency Haart has issued a warning to landlords on what it sees as the three key risks to successful letting - and they form a...

Policing rental sector to be a focus of new research project

Two housing organisations have come together to fund a major research programme to improve standards in the private rental sector. They are the TDS Charitable Foundation and the...

Out of order! Council accused of illegal licensing fee structure

A lettings sector trade body has written to a council accusing it of initiating an “unlawful” fee structure for a licensing scheme.  The Residential Landlords Association has...

Buy to let mortgage bonanza means it's vital for investors to use a broker

A leading buy to let specialist lender says the vast number of BTL mortgage products now on the market has made it absolutely necessary for potential...

Agents: are there Whirlpool tumble dryers in your properties?

Whirlpool has been ordered to recall 500,000 tumble dryers in what has been described as an “unprecedented” government move. Around half a million faulty machines, which were produced...

Buy to let investors cashing out are key to fate of sales market - claim

A leading housing market analyst says the sales market is increasingly determined by the acts of buy to let and other property investors. Doug Shepherd, director of...

Deposit replacement competition hots up with three new signings

As competition hots up between different deposit replacement scheme providers, three new Build To Rent sign-ups have been announced by one major player, flatfair. The first signing...

Let your property through us and pay no fees, says council

Private landlords are being asked to consider letting out their properties through the local council.  Slough council is looking for flats and houses which will then be...

Franchise branch buys independent’s lettings book in just two weeks

Another independent agency has been acquired by franchise giant Martin & Co.  The firm’s Southend franchisee purchased the managed properties of local independent Park Estates, taking the...

Ola! Agency high achievers get all-expenses-paid trip to Barcelona

Some observers think it may be unwise for agencies to reveal too many details of perks for staff but Connells has never been shy of letting...

Online chief aged 24 blasts “obsolete” agents “writing their own rules”

The 24 year old head of an online lettings platform called Bunk says it’s up to letting agents to show they “still hold some value in...

Bank scraps 'No DSS' BTL mortgage rule after pressure from ministers

The government says thousands of families could benefit from changes to mortgage rules announced by Metro Bank. Currently the bank prevents landlords renting to tenants on housing...

“Dodgy operator” gets five-figure fine for dangerous HMO

A London council has successfully prosecuted a so-called “dodgy operator” landlord for failing to comply with fire safety regulations and carry out repairs to his property. Following...

Advertising watchdog steps in over online agency’s charge claim

The Advertising Standards Authority has stepped in following a complaint about the online lettings agency Upad. The agency had a reference ion its website to ‘UPay on...

Yet more licensing: Consultation underway to extend London scheme

Consultation is underway to extend a landlord licensing scheme in a London borough where a third of households rents privately.  Three types of licensing schemes already operate...

Good news: Highest number of buy to let mortgage products for 12 years

We may be all-too-familiar with the challenges facing letting agents and landlords in the private rental sector but there is at least one piece of good...

Administrators appointed for short lets agency that owes thousands

Administrators have been appointed as a result of action taken by a major creditor of Brighton Holiday Homes, the agency which closed unexpectedly a fortnight ago. Paul...

‘Option to buy’ rental clauses now reappearing, says lettings agent

A record number of tenancies have been agreed above £5,000 per week in London during the first four months of the year according to Tom Smith,...

PropTech product claims breakthrough with same-day referencing

A PropTech product is claiming a breakthrough for letting agents who can now access same-day referencing on prospective tenants. LetAlliance claims that for the first time in...

Another independent acquired by Property Franchise Group brand

A branch of the Property Franchise Group brand Whitegates has acquired a local independent lettings agency. Whitegates Huddersfield now has over 700 managed properties as a result...

Rogue lettings agency coughs up £16,000 it owes - on TV

Two landlords will this evening be seen securing the £16,000 they are owed by a rogue lettings agent - and TV cameras were there to record...

Is holiday letting becoming the new buy to let?

A holiday lettings company says it’s seen a 23 per cent increase in its portfolio over the past year as owners switch from buy to let...

Stricter regulation can benefit landlords insists agency chief

A leading lettings expert insists that greater regulation in the private rental sector can work for the benefit of landlords and buy to let investors. Bob Cherry,...

Deposit alternative provider strikes deal with regional agency chain

Tenancy deposit alternative provider Reposit has been taken on by Devon-based agency chain Webbers.  The agency’s 15 offices operate in north Cornwall, Devon and Somerset, and this...

Airbnb distances itself from controversial short lets management adverts

Airbnb has issued a statement distancing itself from controversial advertisements from a short lets management service. Hostmaker - which describes itself as “the world's largest management company...

“Disgusting” - short lets management firm slammed by campaign group

A statement issued by short lets management firm Hostmaker about its controversial advertising campaign has been branded “disgusting” by a campaign group. Generation Rent, along with the...

PropTech partnership as deposit alternative flatfair links with Goodlord

One of the growing number of deposit alternative services, flatfair, has announced a partnership with lettings platform Goodlord. Agents and landlords can now add flatfair’s deposit-free service...

Buy to let mortgage costs are drifting upwards says broker

A specialist broker says the costs of most fixed rate buy to let mortgages are beginning to rise.  Property Master warned last month this was likely following...

Trade body hits out over 'high rents for Millennials' claim

A trade body has hit out at government policy following a think tank’s claims that young people are less mobile because of high rents. Yesterday we reported that...

Agent insists Fees Ban may have positive side-effects

A lettings agent and investment adviser says there is a positive interpretation of the fees ban introduced this month in England. Abi Hookway, the managing director of...

Property Franchise Group brand snaps up another independent agency

A branch of national agency Parkers has bolstered its managed portfolio by acquiring independent company Samuel James. Parkers’ Reading branch has also taken on six staff from...

Rents edge up in some regions but market remains broadly stable

The latest rental market snapshot from PropTech firm Goodlord shows that average rent increased in four of the eight regions of Britain in May. This brings the...

Think tank blames high rents for Millennials not moving for jobs

A think tank is blaming high rents for apparently stopping Millennials moving to better paying parts of the country. A report from the Resolution Foundation says the...

Searing criticism of agents and landlords by leading consumer group

A prominent consumer group claims that one in 10 tenants currently renting say they have at some point been evicted “for no cause” - and one...

Buy to let investors warned they’ll be “lucky to get 2.5% yield”

A new analysis of the private rental sector suggests the typical buy to let investor will be lucky to generate annual returns above 2.5 per cent...

Three acquisitions bolster business for fast-growing Martin & Co branch

The owners of Cardiff’s branch of national sales and lettings agency Martin & Co have more than doubled their managed portfolio of rental units through two...

Belvoir brand snaps up resi portfolio of town’s largest independent

Belvoir brand Newton Fallowell has acquired the sales and lettings business of Grantham’s oldest independent agency, Escritt Barrell Golding.  EBG, which was founded in 1860, will continue...

Agents join grand industry coalition to retain Section 21

The Association of Residential Letting Agents is one of many industry groups in a new coalition calling for S21 repossessions to be retained until an adequate alternative...

Independent agencies' staff levels will be hit by Fees Ban, says HR chief

The head of the country's oldest agency recruitment consultancy says the tenant fee ban will hit staffing levels in the industry - especially for independent firms. Property...

Property chief locks horns with rent control campaigners

A property management chief is arguing that rent controls would restrict mortgage loans to buy to let investors and drive existing investors out of the market. The...

Consumer group tries to take credit for "momentous" Fees Ban

The consumer charity Citizens Advice has hailed the Tenant Fees Act and the ban on letting agents’ charges to renters as “momentous.” It claims to have been...

Defiant Airbnb management service says it doesn’t reduce affordable stock

Airbnb and short let management service Hostmaker - at the centre of a dispute involving a landlord trade body and the Labour party - insists it...

Expelled! Seven rogue letting agents kicked out of Ombudsman scheme

Seven agencies have been expelled from membership of The Property Ombudsman after failing to pay compensation awards made by TPO. All are in relation to lettings and most...

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